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Now that i created a headline that got your attention. Sorry,
this is a 140 character headline world, right ?

I couldn’t resist writing about the irony of the
race to be POTUS..

What are two of the biggest, if not the biggest issues in
this presidential election ? Healthcare and the
Economy

Consider the following:

1. Who invented ObamaCare and has the most successful
implementation to date ?

2. We are in a period where the government is borrowing
money at a net effective rate of less than zero percent. Who has
made hundreds of millions of dollars and a career of borrowing
significant amounts of money to acquire companies in heavily
leveraged deals ?

It’s crazy, but true.

1. Of course Governor Romney basically invented Obamacare
for the state of Massachusetts.

Can you imagine the following conversation from a
Democratic candidate Romney with a hypothetical Republican
candidate

“Business in the US needs certainty over healthcare costs.
With my RomneyCare program instituted across the
country big businesses will no longer have to deal with the
variability and uncertainty from state to state in healthcare
costs and benefits. They will no longer have to face the
uncertainty of state and local politicians pushing their agendas
that can create annual changes and huge cost increases at the
expense of well negotiated and time tested plans like RomneyCare.
Ask my Republican opponent which state , other than
Massachusetts has been able to get their Healthcare costs and
services under control ? It’s not like they all haven’t been
trying. Massachusetts is the only state which
has been able to create any level of certainty in healthcare
costs and services. Which is exactly what businesses want
and why we need RomneyCare as a national program. “

2. As the head honcho at Bain Capital, a private equity
firm, Governor Romney made huge profits by borrowing
heavily to acquire companies and then operate them with the
goal of getting an operating return on capital or selling the
companies for a profit. He turned the art of using
leverage into an art form. I should add here that I fully
understand that Bain was not and is not a slash and burn Private
Equity firm. They put people in their acquired companies to try
to improve operations rather than just slash costs. But that is
not really the issue here. Governor Romney knows how to invest
using debt.

The real issue is that rather than saying that he thinks its a
horrible idea for the government to invest in companies and that
he would not permit it, I really, really would love to see him
take the opposite approach and own and crow about the fact that
he is a MASTER of USING DEBT.

Lets get back to our debate with a Democratic candidate
Romney and a hypothetical Republican candidate

“No one knows how to get a return on capital better than I do.
I’m great at it. Look at my history. With the
government’s ability to borrow at an effective tax rate of less
than zero, I promise you as President that I will know better
than anyone how to get a return on investment for the American
people. In this time when we need to grow the economy
and create jobs, we need to cut ineffective and
inefficient government spending in bureaucracy and administrivia
and increase investment where we can get the greatest return for
the American people. And you know what makes my
approach all the sweeter ? We are borrowing money from China DIRT
CHEAP and I will invest that to create American jobs !

We need to invest in American companies. We need to invest in new
technologies. We need to invest in Research and Development. We
need to invest in new medicines and healthcare options.
Now some people might say that it will be very
difficult to pick winners and losers and they are right. It will
be very difficult. There will be losers. More importantly there
will be winners. Winning investments will create jobs.
Winning investments will create new technologies and medicines
that improve the standard of living for all of us and does so at
a lower cost. We won’t compete with private investment, we will
complement it.

Right now my friends the economy is growing. No its not growing
as fast as we like and too many people don’t have jobs or are
underemployed, but it is growing and that growth is accelerating,
led by an improvement in the housing market. My plan is to
let that growth continue to accelerate and to
also continue the existing Bush Tax Cuts with the exception
of an increase in individual taxes from 35pct to 39pct for
those earning more than 1mm dollars. I will also increase
capital gains from 15 pct to 20pct and eliminate the advantages
of carried interest.

I believe in America. I believe our future is bright. I will do
what corporate America is not doing and no amount of effort to
manipulate the tax code will make them change, I will invest in
America and create jobs.

My Republican friends on the other hand, believe that if
you reduce tax rates, large corporations hoarding cash will
miraculously bring that cash back to the US and invest and hire .
Trust me. I know investment. That won’t do it. They can borrow
money so cheaply there is no reason to bring it home and it
certainly won’t lead to jobs. If they had something to invest in
that would generate a return, they would. They haven’t.

Again, they won’t invest in America. I will.

As a long time investor, I have never turned down an
investment because of tax rates. I was just as successful
investing when capital gains were much higher. I was just as
successful investing when individual tax rates were much higher.
No smart investor turns down a good deal because of tax
rates. I always remind people you only pay taxes on profits. And
if you make more than 1mm dollars in profits, whether through
capital gains or ordinary income, you should pay more
taxes.

Now look at the alternative my Republican opponents are
proposing. The Republican candidate is trying to convince
us all that it is going to be easy to convince both sides of
Congress to come together and figure out at what number they can
cap individual tax deductions. He is also saying that
he is going to reduce corporate taxes AFTER he is able to get
consensus on which corporate deductions to eliminate. That
is not going to happen unless we outlaw corporate lobbyists.
Everyone is for eliminating all deductions other than their own.
The idea that everyone will happily agree to compromise is not
consistent with the actions of this Congress and not going to
happen.

It’s not going to happen. He is not going to be able to get
anyone to agree on which deductions to eliminate. Not only
that, he believes that the net result of these improbable actions
is that tax revenues from corporations will go up. Do we really
believe that corporations will gladly accept an increase in their
net tax bill ? I don’t think so.

So my friends it comes down to this. Do you trust my Republican
opponent to convince Congress to do the right thing and work
together like a big happy family and do it quickly, or do you
trust my track record and ability to get this economy back on
track through smart investments in the ingenuity and ambition of
the America people . There is no greater opportunity than here in
America. Lets invest in America. Let’s create jobs.

Now is the time to vote Democrat. Now is the time to Vote
for Romney

Hey, this is all fiction but hopefully you can see the same irony
I did.

Damn, I am so ready for a 3rd party.

Maybe I will start one on KickStarter.

and as always i write these fairly quickly. feel free to comment
on typos